Crypto Trader Daily – 8 April 2015

Price Action

The market awoke from its slumber to a classic dump fest . The price fell over $10 from $255 to a low of $243 on Bitfinex. It looks as if the rout will continue over night as the market pauses before resuming the downward spiral.

Trade Idea

XBTJ15 continues to trade at a healthy premium to Bitfinex spot. The $6-$8 premium can be captured by selling XBTJ15 and buying spot.

In the News

Rand Paul Is First Presidential Candidate to Accept Donations in Bitcoin (CNN Money)

Australian Central Bank: Bitcoin Regulation Not Worth the Cost (CoinDesk)